Why Elon Interested in Dogecoin? - page 6.

velosepur

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Quote from: Maslate on July 17, 2021, 08:56:57 AM

Quote from: sgenuine on July 17, 2021, 08:28:38 AM

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

So you think he has not benefited from that pump? I guess the intention was really to make money because if he has a genuine intention which would want to help the market grow, he should have not shill a meme coin that has no fundamentals.

Money and profit are main reasons for everything as usual but as people mention one of main reasons is ego. He feels important and better than others in crypto when prove self he can make big impact with tweet and few words.

Tigerheart3026

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Elon musk not a crypto enthusiast btw he is very successful person, there must be some reason behind to suddenly he promoting doge coin in social media.
surely he has invested money in doge coin in low price and we seen his influence power when doge hit new ath. why he suddenly be so interested in doge despite being there are many other reliable coin in crypto.

[email protected]

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Quote from: marilynmanson21 on July 17, 2021, 09:41:56 AM

doge is useful for one group and there are some people who have 40% from doge supply and some have 50% in their wallet, so this can be the main reason for elon to tweet that doge can fly to the moon with him, it is undeniable when elon sings about doge , the price of doge is almost reached 1$, it gives profit for doge holder

Isn't it very possible for those largest holders of Dogecoin assets to dispose of quickly?
if that happens, it will probably be very bad for dogecoin. at this time maybe they are still not actively viewing their assets. who would have thought dogecoin grow that high with Elon?
but it looks like Elon's momentum has run out. many say he will be the next McAfee. must be at the beginning then become a carcass.

dhemasm

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Quote from: sgenuine on July 17, 2021, 08:28:38 AM

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

I suppose i can't agree with your opinion, Even Elon was really friendly on the social media there is still chance he shilling Doge with purpose and the most logical one was it's seeking some profit, He have an power on the social media and the market too so he can manipulate the market and get some instant profit, x10 From his current asset sounds good right? So i don't think he doing that without any hidden purpose,

marilynmanson21

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doge is useful for one group and there are some people who have 40% from doge supply and some have 50% in their wallet, so this can be the main reason for elon to tweet that doge can fly to the moon with him, it is undeniable when elon sings about doge , the price of doge is almost reached 1$, it gives profit for doge holder

john1010

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Quote from: DanielBroonze on May 10, 2021, 08:46:42 AM

As, we know that Btc & ETH are the top two Crypto in the market but I am confused why Elon interested in Dogecoin?

I think he really like dogs

This is how this elite people wants to show the world that they have power and influence, because we all know from the very start that doge has no impact to real holders because in the long term doge is not a good investment.

Maslate

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Quote from: sgenuine on July 17, 2021, 08:28:38 AM

It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

So you think he has not benefited from that pump? I guess the intention was really to make money because if he has a genuine intention which would want to help the market grow, he should have not shill a meme coin that has no fundamentals.

sgenuine

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It goes without saying that Elon Mask is very rich, so I don’t really believe that he is interested in earning on speculation. The reason why he mentions this coin is that he just wants to hog public attention, and he really succeeded in it.

On the other hand it is a really good strategy to pump coins using your authority, so it also brings him money. Nevertheless, people have understood that, so price doesn’t change so sugnificantly because of his tweets.

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Quote from: inanilujimi on July 16, 2021, 02:18:35 PM

but unfortunately the altcoins that are tweeted do not last long, maybe one day it is pumped but the next day it has no value.
people today invest not based on research anymore but based on the words of Elon Musk. They don't know that it will only increase Elon Musk wealth.

That is a risky attitude and it's not recommended to invest based on a tweet of an influencer, we have seen that happen to McAfee the outcome is not good, if we are going to invest in should be something that will contribute to the enhancement of Cryptocurrency and decentralization, this is the core teaching of Cryptocurrency and projects that are tune to this will suceed.

Snappycoco

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Elon loves this token due to the fact that this tokens logo is a shiba inu. That is his favourite dog breed and he was so very attached to it. This probably is the main reason for his investment in Doge and that's why he's shilling it everywhere. However, be very much aware that this coin is a meme coin unless everyone trust that this has a value which elon provides.

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Quote from: velosepur on July 17, 2021, 03:31:25 AM

Yes he feel power in hands and enjoy to manipulate and watch whole market reaction after his moves and tweets. Rich snob who feeds his ego with this actions. Money is first reason then this one regarding ego and feeling powerful I think. I really hope this will stop, dont like his impact on crypto market.

His manipulations with coins will stop when the regulator pays attention to his actions. But the problem is that the cryptocurrency market is practically not regulated, and accordingly there is no responsibility for the violation. But if Elon Musk shills coins, as John McAfee did, he will end up the same way.

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Quote from: BitTraderCute on July 16, 2021, 07:26:53 PM

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

If its just influence, he has known or atleast measured how much influence he has and I dont think he gonna go this far even making his own reputation tarnished among crypto investors. Its just maybe he just really like to troll people and thats it nothing else. Even theres no proof that elon is holding significant amount of doge as he also stated himself that he doesnt like centralization which means hes not holding much.

velosepur

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Quote from: Lanatsa on July 16, 2021, 05:59:16 PM

Quote from: velosepur on July 16, 2021, 05:45:00 PM

Elon Musk is interested in fast and profit. Doge, btc or something else , not important. He saw he can manipulate and earn big , fast too so why not. Simple I think. He used moments when his twits were so influental and he will try again probably. With dogecoin or other.

As a Billionaire or had been the most rich man in the world then everything would really be on business or something that he can really profit on and this is just a typical thing to be seen on these kind of
people who are sitting on top ranks.

Business is the main priority and this fella do include crypto on his list and since he's financially capable then manipulating markets would really be easy.

Thing here as an investor is that you should be wise on when and when not to make out such steps depending on the market sentiment.

Yes he feel power in hands and enjoy to manipulate and watch whole market reaction after his moves and tweets. Rich snob who feeds his ego with this actions. Money is first reason then this one regarding ego and feeling powerful I think. I really hope this will stop, dont like his impact on crypto market.

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Quote from: BitTraderCute on July 16, 2021, 07:26:53 PM

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

He already mentioned three names and made tweets, but you are thinking that he is shilling one Dogecoin. I think his Dogecoin investment was so big, that's because he didn't earn enough from Bitcoin. Didn't you notice that he made tweets on SHIB? I'm sure that you won't find the answer why he shills other altcoins until you realize his tricks.

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Quote from: BitTraderCute on July 16, 2021, 07:26:53 PM

no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

It could be his influence and reach that he wants to test but there's no question and doubt anymore how influential he is. Only from his Twitter account, there are millions of followers that he can manipulate by just doing a simple tweet and praise about dogecoin or hate tweets to bitcoin and any cryptocurrency that he wants. Elon also probably bought not just millions but probably billions of dogecoin that he has dumped already during its all time high and he enjoys trolling the market as the usual.

smyslov

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Dogecoin is really an interesting coin that makes Elon Musk has the attention to shilling it over and over because they funded it a huge capital. Over the past years on cryptospace Dogecoin has many exchanges were they can buy and sell making this coin stronger and better with a huge community.

I agree Dogecoin is a perfect coin to invest in and shill, Elon a very successful entry into the Cryptocurrency by picking Dogecoin, I'm very surprised all these years I never thought that Dogecoin will be pump this high, there were a lot of threads from holders asking if it's worth holding Dogecoin, if they are still holding it at the time of this big pump then they already made a huge profit.

BitTraderCute

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no one knows why elon musk shilling doge coin not another coins, personally i am analize actually elon musk want to show and test his power could and influence could shake the market or not. By doge case in which many traders rekted, could be importat lesson we should not trapped in FOMO or hype. In pump and dump coins we have to come earlier than other or will rekted.

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Quote from: velosepur on July 16, 2021, 05:45:00 PM

Elon Musk is interested in fast and profit. Doge, btc or something else , not important. He saw he can manipulate and earn big , fast too so why not. Simple I think. He used moments when his twits were so influental and he will try again probably. With dogecoin or other.

As a Billionaire or had been the most rich man in the world then everything would really be on business or something that he can really profit on and this is just a typical thing to be seen on these kind of
people who are sitting on top ranks.

Business is the main priority and this fella do include crypto on his list and since he's financially capable then manipulating markets would really be easy.

Thing here as an investor is that you should be wise on when and when not to make out such steps depending on the market sentiment.

velosepur

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Elon Musk is interested in fast and profit. Doge, btc or something else , not important. He saw he can manipulate and earn big , fast too so why not. Simple I think. He used moments when his twits were so influental and he will try again probably. With dogecoin or other.

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Quote from: kapalmabur on July 16, 2021, 02:06:17 PM

Quote from: alroys on July 16, 2021, 11:34:19 AM

A business person certainly has foresight towards the coin he chooses to make big profits, I'm sure Elon has thought about that.
Doge can be pumped up fast and high, so when Elon Musk invests heavily in the coin Elon Musk can get huge profits.

Maybe what you say is true but what is clear is Elon Musk certainly has his own plans for Dogecoin,
and until now we can see when Elon Musk posted about the coin in a few minutes the coin was immediately trending and pump

but unfortunately the altcoins that are tweeted do not last long, maybe one day it is pumped but the next day it has no value.
people today invest not based on research anymore but based on the words of Elon Musk. They don't know that it will only increase Elon Musk wealth.

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